In a report released today, Dana Telsey from Telsey Advisory maintained a Hold rating on Stitch Fix (SFIX – Research Report), with a price target of $4.00. The company’s shares closed last Friday at $3.24.
Telsey covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, Wolverine World Wide, and Birkenstock Holding plc. According to TipRanks, Telsey has an average return of 2.6% and a 45.00% success rate on recommended stocks.
Currently, the analyst consensus on Stitch Fix is a Hold with an average price target of $4.03.
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Based on Stitch Fix’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $364.79 million and a GAAP net loss of $35.49 million. In comparison, last year the company earned a revenue of $443.74 million and had a GAAP net loss of $55.92 million
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SFIX in relation to earlier this year.
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Stitch Fix (SFIX) Company Description:
Stitch Fix, Inc. is an online personal styling service that delivers personalized Fixes of apparel and accessories to men, women and kids. The company was founded by Katrina Lake and Erin Morrison Flynn in February 2011 and is headquartered in San Francisco, CA.
Read More on SFIX:
- Stitch Fix (SFIX) Q2 Earnings Cheat Sheet
- Stitch Fix Announces Date for Second Quarter 2024 Financial Results and Conference Call
- Fly Insider: Edgewise,Arch Resources among week’s notable insider trades
- Fly Insider: Edgewise, Arch Resources among week’s notable insider trades
- Stitch Fix Announces New Employee Inducement Grant
